Teledyne Technologies (NYSE:TDY) Updates Q3 2024 Earnings Guidance

Teledyne Technologies (NYSE:TDY) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.900-5.000 for the period, compared to the consensus estimate of 5.000. The company issued revenue guidance of -. Teledyne Technologies also updated its FY 2024 guidance to 19.250-19.450 EPS.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the stock a buy rating in a research note on Thursday. Vertical Research initiated coverage on shares of Teledyne Technologies in a research report on Tuesday. They issued a buy rating and a $470.00 price objective for the company. StockNews.com cut Teledyne Technologies from a buy rating to a hold rating in a research note on Friday. Bank of America lowered Teledyne Technologies from a buy rating to a neutral rating and lowered their price objective for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Finally, TD Cowen lowered their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a buy rating for the company in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Teledyne Technologies has a consensus rating of Moderate Buy and a consensus price target of $474.57.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $421.56 on Friday. The firm has a market cap of $19.97 billion, a PE ratio of 22.80, a P/E/G ratio of 2.93 and a beta of 1.00. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $448.19. The company’s fifty day simple moving average is $394.20 and its 200-day simple moving average is $409.16. The company has a quick ratio of 1.29, a current ratio of 1.98 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, beating the consensus estimate of $4.49 by $0.09. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.67 earnings per share. Equities research analysts expect that Teledyne Technologies will post 19.34 EPS for the current fiscal year.

About Teledyne Technologies

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.